A new market study, titled “Global Utility Digital Communication Market Research Report Forecast till 2023” has been featured on WiseGuyReports.

Overview

The report that is published on the global utility communication marketis a compilation of different parameters and factors that can play a role in deciding the growth of the utility communication market. An analysis of the collected data is used to reveal the market revenue earned by the different companies operating in the utility communication market. The data presented in the report is from the year 2018 to the year 2023 that comprises the base period.

The utility communication is the groundwork for two-way communication between the utility and the end-users through all the data points deployed across the network. It helps monitor and control grid equipment, measures electric network performance, and delivers information in real-time to control centers. There are vertical of technologies in utility communication, which are deployed in the oil & gas utilities, and in T&D networks including fiber optics, power line carrier (PLC), ethernet, WiMax, microwave & radio communication, and mesh.

There have been application areas where utility communication are extensively used by utilities, and smart grid development agencies. Stringent government regulations will drive the market for utility communication. Governments of various emerging economies have shifted their focus towards automating their communication network by integrating their existing infrastructure with new communication technologies. The utilities have been continuously trying to improve their billing practices including parameters, such as utility rates, current power consumption compared to the previous consumption, and meeting budgets for achieving efficiency in utility consumption. Major utility companies are focusing on upgrading their customer information systems (CIS). These factors are further propelling the growth of the global utility communication market during the forecast period.

Segmentation

For the purpose of the study the global utility communication market has been segmented by technology, utility type, and region. Based on technology the market has been segmented as wired technology, and wireless technology. Wired technology segment dominated the market in 2017 and is expected to remain dominant during the forecast period as they are relatively impervious to adverse weather conditions as compared to wireless communication. Based on utility type, the market has been segmented as public utility and private utility. Public utility segment dominated the market in 2017 and is expected to hold the largest market share during the forecast period as they receive funds, subsidies, and favorable policies from the government to provide all the necessary services and amenities, such as water, electricity, transportation, and sewage treatment to the public.

Based on region, the market is segmented into Asia-Pacific, Europe, North America Middle East & Africa, and South America.

Key Players

The global utility communication market is dominated by a few companies that occupy a large percentage of the global market share. These companies are identified and profiled. These companies are analyzed to identify the different strategies that they have employed to gain a large market share. The companies are also segmented based on different regions that they operate in. The strategies used by different companies to intensify penetration in new market regions are cataloged and are subjected to analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.